Genel Energy PLC: Summons to bondholder meeting

25 March 2019

GenelEnergy plc

Summons to bondholder meeting

With reference to communication on 20 March related to a potential amendment of the terms of the GENEL01 $300 millionsenior unsecured bond, Genel Energy plc ('Genel'or 'the Company')has today posted a summons to a bondholder meeting to be held on 8 April 2019. For further information, please seewww.stamdata.no.

As previously announced, Genel has initiated a material and sustainable dividend policy. Following a pre-sounding exercise towards larger bondholders the Company is seekinga waiver of the dividend restriction in 2019.

The dividend policy provides a meaningful and competitive return to shareholders, which is appropriately commensurate with the underlying value of the business without compromising Genel'sability to invest in growth through the progression of value realisation from the existing portfolio and the acquisition of appropriate new assets, and service its debt.

As at 28 February 2019, the Company was in a net cash position of $81 million, with material free cashgeneration expected in the rest of 2019.

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For further information, please contact:

GenelEnergy Andrew Benbow, Head of Communications	[phone]
DNB Markets Fixed income sales	[phone]
Pareto Securities Fixed income sales	[phone]

Notes to editors:

GenelEnergy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, andis the largest holder of reserves and resources in the Kurdistan Region of Iraq. Through its Bina Bawiand Miranfields, the Company is positioned to be a cornerstone provider of KRI gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genelalso continues to pursue further growth opportunities. For further information, please refer towww.genelenergy.com.